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Property profile & analytics
OFF-MARKET
Commercial real estate

309 Union St Paragon, IN 46166

8,606 SF 0.6 ac lot Built 1968
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 309 W Union Street in Paragon, Indiana, presents a unique investment opportunity. The expansive 8,606 square foot building offers significant potential for a variety of uses. Previously operating as a Step Saver IGA grocery store, the building's layout and infrastructure provide a solid foundation for diverse business ventures. The inclusion of two gas pumps adds further value and potential revenue streams. The property's location in Morgan County offers excellent access to a thriving community. The building's adaptability makes it suitable for a range of concepts, including restaurants, self-storage facilities, or athletic-related businesses. Its current vacant status allows for immediate occupancy and customization to suit a new owner's specific needs. The 0.6-acre lot provides ample space for expansion or outdoor activities, depending on the chosen business model. This property is readily available for viewing, offering a convenient and straightforward process for prospective buyers to assess its potential. The asking price of $309,000 represents a compelling investment opportunity in a desirable location. Don't miss this chance to acquire a versatile commercial property with significant upside potential.

Property profile
Verified
Property type Commercial real estate
Year built 1968
Total area 8,606 SF
Lot 0.6 ac (26,136 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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